With low exchange costs. Why Can’t I Sell My Okx … With an account at, you can easily buy crypto using a card, checking account, or mobile wallet. It also offers extremely high yields sometimes when participating in staking or saving functions.
was founded in 2017 and maintains a head office in Seychelles, with additional offices all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
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The website claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance issues.
If you remain in an area that deals with OKX, you can produce an account that gives you access to trade 343 spot currencies.
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likewise supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining pools and its own blockchain, called OKExChain. might work as an exchange you use in addition to a third-party cryptocurrency wallet or your main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough room to note them all in our OKX evaluation. There are 343 currencies on the exchange overall.
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Currencies traded on by volume:
- Bitcoin
- OKB
- Ethereum
- TRON
- Avalanche
- APENFT
- Solana
- Polygon
breaks currencies down into different pricing tiers that differ based on trade volume and account holdings. For area trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency might receive discounts. Alternatives, futures, and swaps have their own rate schedules with varying fees.
One big downside of is that it does not reveal fees for withdrawals and deposits. While much of is transparent, concealed cost details are a red flag that may send you to another exchange with transparent charge schedules.
Security
Cryptocurrency deals are typically one-way and can’t be reversed, so always double-check transaction details prior to continuing. If you unintentionally send funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some unique security issues you do not generally confront with conventional banking platforms. However, the very best practices for keeping your financial accounts safe are comparable. These include utilizing strong passwords special to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for most customer properties. It also has deals extra features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone beyond the United States. You will discover a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
wanted to buy apecoin at this level put our stop loss down at this level significance that if we’re wrong and it continues moving down we’re offering our position and that we want to take earnings at this level what we wish to do is find the distinction in between these worths which’s going to offer us.057 then we’re going to take the dollar quantity threat we wish to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Why Can’t I Sell My Okx
distinction between the entry and the stop alright and that’s going to offer us the amount of tokens that we need to purchase in order to risk just 10 dollars fine if we’re just going in with 250 coins or a thousand coins we’re never going to be able to dial in our danger benefit and you’re going to definitely screw yourself so make certain that you’re refraining from doing that you require to have actually that set dollar amount okay so that suggests that in order to discover the capital requirement or the amount of cash that we require for this trade we have to take the amount of coins and multiply it by the entry price which is this level here alright so in this case we’re going to take 175 coins increased by 3.35 and that’s going to provide us 587 dollars then we need to be able to enter into this position when we’re using take advantage of the only thing it’s changing is how much money we personally require to put into the trade so if I have a hundred dollar account and I use a 100x utilize that suggests now I have ten thousand dollars to utilize alright due to the fact that if we only had a hundred dollar account alright this 587 is already 5x the size of our cash worth of our account which makes it impossible okay so let’s visit buy bit here let’s say we wish to take this ape trade here alright we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what takes place when we open up our take advantage of fine and you’re gon na get this caution that the liquidation is high all right as long as you’re quantifying you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the ideal thing all right so now only thing that we need to use for this position is twelve dollars which is 12 of our whole account all right so this leverage capability is altering nothing about the threat profile on the trade okay if you plan on trading anyways use the referral Link in the description okay every week we do a giveaway where anyone trading with 50k volume or greater is
going to be immediately gotten in to win a hundred dollars per week we’re selecting 3 winners a week okay we’re attempting to provide the costs that we’re collecting from the affiliate program back into the community for you guys trading with us link is below you can take a look at our Discord where we reveal the winners alright prior to we hop into the trading system that you can use to start taking these trades I wish to go over the guidelines that I would suggest using when growing a little account fine so the very first rule is start with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account use that ten dollar danger all right each time you double the account so when you go to 100 approximately 200 okay you want to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and use that there up until we scale our account up a bit bigger the third thing and this is very crucial is everybody has a mental threshold when it concerns how much cash they’re comfortable running the risk of if I’m taking a look at losing 500 like this 500 500 where I lose 3 trades in a row I don’t care who you are or what the mathematics states you’re going to begin feeling a little bit psychological about the trades and that’s something that you truly want to prevent till you come comfy doing that alright so state you work your way up to 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you okay you can walk that back down to fifty dollars per trade pick that fixed amount once you wish to maintain your capital and simply select a goal daily on
the money that you wish to make once you get up to a comfy limit where it’s fitting your income objectives so for me personally you know I like to make 3 that three to 5 thousand dollars each week so I’m utilizing you understand about 2.5 percent of my whole account balance right around twenty thousand dollars that I keep in my account and then I’ll increase it you understand a couple years from now go up to a thousand shot to make 3 to five thousand per trade and attempt to double my earnings okay so let’s enter the bread and butter of the actual trading this is a system that I have actually been trading the marketplaces with for the past couple months that have absolutely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was in fact in Dubai alright however what I want to do is find an area where I have actually a recently developed uptrend first thing that I wish to do is identify my wave count fine so if this is our start
very first pullback is 2 largest waves approximately three pullback is four and after that the high is five and the method we can try to find the top of five is by utilizing a Fibonacci projection off of our one wave so if this is our one value I’m gon na click on this link click back here and then find my aspect of one and you can see the price action sort of Consolidated right along this level if we take a Fibonacci retracement off of this level and go up to the high of one if our cost action boils down through